The European Parliament Committee on Budgets voted on Monday 17 April to adopt the ‘Hayer-Fernandes’ own-initiative report proposing new own resources for the EU by 28 votes to 5 with 4 abstentions. This second basket of own resources aims to find additional revenue to pay off the EU’s debt while strengthening the Union’s competitiveness and taking into account the climate challenge.
“We have to pay the debt, the principal and the interest, until 2058, and if we don’t have...